by The Dharma Bum » Fri May 16, 2014 2:31 am
The current situation is a debt bubble rather than a housing bubble
the reason is that "quantitative easing" is nothing less than artificially pumping up the market value of US bonds by purchasing them with taxpayer funds so they can be dumped on some bagholders who will then be stuck with our debt or take massive losses when they sell.
how this is seen to be an adequate solution for an economic collapse caused by securitizing toxic mortgages and injecting highly overleveraged risk into the economy is difficult to understand